Citigroup Inc (C): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Citigroup ( C) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Citigroup fell $0.55 (-1.1%) to $47.18 on light volume. Throughout the day, 16,806,130 shares of Citigroup exchanged hands as compared to its average daily volume of 27,326,000 shares. The stock ranged in price between $46.80-$47.31 after having opened the day at $47.20 as compared to the previous trading day's close of $47.73. Other companies within the Banking industry that declined today were: China Commercial Credit ( CCCR), down 10.9%, Doral Financial ( DRL), down 9.9%, Carolina Trust Bank ( CART), down 6.5% and QC Holdings ( QCCO), down 6.4%.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $145.0 billion and is part of the financial sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 8.4% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in net income, notable return on equity and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Midsouth Bancorp ( MSL), up 4.8%, Mid Penn Bancorp ( MPB), up 4.1%, Broadway Financial ( BYFC), up 4.1% and ICICI Bank ( IBN), up 3.6% , were all gainers within the banking industry with HDFC Bank ( HDB) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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